estimate

Definition

A rough calculation or assessment of the value, size, or cost of something.

Etymology

From Middle English estimat, borrowed from Latin aestimātus (“valuing, estimate”, only used in the ablative singular: "aestimātū..." (in valuing...)), from aestimō + -tus (“action noun-forming suffix”).

Example Sentences

• "“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”"
• "The desired norm estimate is now obtained from the identity... [referring to an earlier statement saying that a certain norm is less than or equal to a certain expression]"